https://www.interfax.ru/business/988210
the Russian Ministry of Finance declared the auction for the sale of OFZ-PD series 26245 invalid due to the lack of bids at acceptable price levels, the Ministry of Finance said in a statement.
Series 26245 bonds maturing on September 26, 2035 have 22 semi-annual coupon periods and the first coupon period is 147 days, the date of payment of the 2nd coupon income is April 9, 2025. The coupon income rate is set at 12% per annum (1st coupon - 48.33 rubles per bond and 2-23rd coupons - 59.84 rubles per bond).
Oppsummert: En auksjon for å utstede russiske statsobligasjoner med 12% årlige rente ble kansellert pga manglende bud på et akseptabelt nivå.
Tidligere auksjoner har gått gjennnom, men da med høyere effektiv rente og lengre varighet. (lurer på om det blir ca samme “utgangsrente”, 12 %, men de som kjøpte dem betalte altså 81,54% av “par value”)
https://www.interfax.ru/business/981592
At the second auction, the department was able to sell OFZ-PD series 26248 maturing on May 16, 2040, for the amount of 30.739 billion rubles at par with demand of 78.712 billion rubles. The weighted average price was 81.5338% of the par value, which corresponds to a yield of 15.98% per annum. The cutoff price was set at 81.46% of the par value, which corresponds to a yield of 15.99% per annum.